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Front Page » Filming » County may create film incentives

County may create film incentives

Written by on October 15, 2014
County may create film incentives

Miami-Dade County’s Economic Development and Port Committee is to consider today (10/16) whether the county should fund its own film incentive program, in light of the State of Florida’s failure to add to its incentive program for the past two years.

A supporting memo notes that “in recent years, numerous film, television, commercial music video and still shoot productions have showcased Miami-Dade County to the world,” and that 1,000 television commercials have been issued permits to film in Miami-Dade County since Oct. 1, 2012, including commercials for Nike, Fiat, Porsche and Lamborghini.

It further notes that the industry supports 2,400 motion picture, video and support businesses, 214 production companies, 18 sound stages, 126 post-production companies, more than 30 cable networks, in excess of 200 advertising agencies, 20 recording studios, and a telenovella production and distribution center.

Since the legislature’s inaction on the incentive program, direct spending by the entertainment industry has decreased more than 50%, and document says.

In 2010, a Jobs for Florida bill designated $242 million over five years for tax credits for film studios and other production companies. By March 2011, $227 million of the credits had been committed, with the majority going to so-called high impact television shows like “Magic City,” “The Glades” and “Burn Notice.”

The state’s film incentives come in the form of tax credits based on the scope of the production, number of local people hired, the season in which filming occurs and several other variables. The credits can be sold at the end of the term if the production doesn’t need the equivalent tax relief.

Forty states offer incentives, and some of their programs – particularly those in Louisiana, North Carolina and Georgia – are well-funded and aggressive. Other countries throughout the Americas also offer film incentives.

If the Economic Development and Port Committee approves, the measure will go to the county commission next month. It directs the mayor or his designee to prepare a report on the feasibility of a home-grown incentive program, to identify what other counties are doing, and to set forth a plan for devising such a program, if it is warranted.

3 Responses to County may create film incentives

  1. DC Copeland

    October 15, 2014 at 11:14 am

    It’s a great idea and it’s good to be proactive in just about everything but I wonder how the county will fund the program or if it will be as large in scale as the state program? In any event, it shows a lack of vision up in Tallahassee. “Burn Notice” alone with its weekly to-die-for shots of our gorgeous location more than earned its tax credits and I suspect had more of an impact on tourism than any state tourism program.

  2. Matt Giovanni

    October 16, 2014 at 7:25 am

    Great idea! It’s about time!
    Tampa is doing the same program.

  3. Matt Giovanni

    October 16, 2014 at 7:29 am

    Miami should be Hollywood South!
    And let’s work with Screen Gems
    Studio project for downtown .